This week's polysilicon prices have fallen significantly, and the market's bearish sentiment is gradually intensifying.

This week, polycrystalline silicon prices have fallen significantly, and market bearish sentiment is gradually strengthening. After the holiday, the continuous decline in downstream wafer prices, combined with limited support from related meetings and cost-setting, has had little impact on stabilizing prices. Polycrystalline silicon manufacturers, under bearish sentiment and their own inventory pressures, have begun to actively cut prices. Currently, market bearish sentiment remains strong, and some high-priced resources still have room to decline. This week, wafer prices fell, with the 210R experiencing the largest overall decline due to high inventory levels. As of now, this price range includes actual transaction prices from wafer companies but does not include the intended purchase prices from cell manufacturers. Cell prices have returned near the cost line. In the past week, the transaction focus for cells has shifted downward; the 210N price has loosened quickly due to insufficient centralized demand, probing below 0.41 yuan/W; the 210RN demand domestically and internationally remains stable, and prices are relatively firm, with an average transaction price of 0.43 yuan/W. Domestic module prices increased this week; after leading companies maintained their prices, the transaction prices in the domestic distributed market slightly rose, with distributors showing less willingness to sell at low prices, causing the overall transaction focus to move upward. However, current domestic bulk transactions remain limited, and most companies are still holding a wait-and-see attitude. (Shanghai Nonferrous Metals Network)